Common use of Multicurrency Clause in Contracts

Multicurrency. 18.1 The Merchant instructs Buckaroo to process non-EURO payments; incoming amounts will be credited to the account of the Foundation unless the Parties have agreed otherwise. 18.2 The Merchant receives the non-EURO payments that Buckaroo has collected in the original currency; there is no conversion to EURO. 18.3 The subscription costs are charged on in EURO. 18.4 The transaction costs due, as set out in the Connection Agreement, are invoiced in the relevant non- EURO currency and offset against the Merchant’s non-EURO book balance. 18.5 Buckaroo will transfer the payments it has received to the bank account indicated by the Merchant. If the Merchant receives non-EURO payments to a EURO account, the conversion costs and all relevant bank costs are borne by the Merchant. 18.6 The Merchant himself is responsible for any exchange differences.